Morgan acted as financial adviser and Skadden Arps Slate Meagher & Flom LLP served as legal adviser to Pinnacle. LLC, with assistance from Merrill Lynch Pierce Fenner & Smith Inc., served as financial adviser, while Wachtell Lipton Rosen & Katz acted as legal adviser to Penn National on the transaction. Penn National funded the acquisition in part through a new $430.2 million senior secured term loan A facility and a $1.1 billion senior secured term loan B facility. KANSAS CITY, Mo.-Ameristar Casino Hotel Kansas City today announced that it has reopened its AAA Three Diamond hotel to the public. Gaming and Leisure also acquired the real property assets of Plainridge Park Casino from Penn National for $250 million and added the property to its Pinnacle master lease assumed by Penn National. Boyd acquired the Belterra Park real estate through a $57.7 million mortgage loan from Gaming and Leisure, and entered into a master lease agreement with Gaming and Leisure for the Missouri and Indiana assets. Charles in Missouri and Belterra Casino Resort in Indiana, as well as the operations and real estate of Belterra Park in Ohio from Pinnacle for about $563.5 million in cash. In connection with the deal, Boyd Gaming acquired the gaming operations of Ameristar Kansas City and Ameristar St. and related transactions with Boyd Gaming Corp. completed its $2.8 billion acquisition of Pinnacle Entertainment Inc.
